Mexican President highlights the Pacific Alliance as a driver of free trade

Xinhua 2018: 07: 24.17: 17

Mexican President Stresses Pacific Alliance as a Driver of Free Trade

Mexican President Enrique Peña Nieto Participates in V Pacific Alliance Business Meeting: Vision 2030 ", as part of the XIII Summit of the Pacific Alliance, Puerto Vallarta, State of Jalisco, Mexico, July 23, 2018 . (Xinhua / Francisco Cañedo)

PUERTO VALLARTA, Mexico, July 23 (Xinhua) – Mexican President Enrique Peña Nieto celebrated Monday the strength of the Pacific Alliance (PA) from the Mexican resort of Puerto Vallarta . , a block composed of Colombia, Chile, Mexico and Peru.

At the closing ceremony of the V Business Meeting of the XIII Summit of the Pacific Alliance, he assured that the AP bloc For seven years he was the "promoter of free trade and freedoms democratic ".

He recognized that each of the nations that make up the bloc make the best efforts to improve their condition and be more competitive.

Peruvian counterparts Martín Vizcarra of Colombia, Juan Manuel Santos and Chile's Sebastian Piñera, the Mexican president, acknowledged that there was also "a huge inequality", a problem that he had to face.

This, he urged to reflect on how this economic model can be done to fill the gaps of inequality that "are a constant" of the four countries and throughout the Latin America region.

The Great Fit, He Continued, "

In the case of Mexico, he stated that although" the greatest challenge "is to fill the gaps of inequality, he also stated that efforts had been made to reduce inequalities.

He argued that the country is open to the world in commercial matters and that this shows the integration of the Pacific Alliance, as well as the approach we have with Mercosur. He said that in front of leaders, businessmen and representatives of various international organizations, Mexico has updated its trade framework with the UN. European Union, because "we are in the process of being ratified, which will take several months, but the agreement in principle of this negotiation is concluded."

Similarly, he mentioned that the free trade agreement is being renegotiated. of North America (NAFTA) and what has been a process "of which much has been said, sensitive and critical, but that we are here."

"We are sitting at the table, we are talking This will allow the three EAF partner countries to modernize and modernize and thus to explode more opportunities, "he said., Canada and the United States. the United States, after being temporarily suspended so that the presidential elections in Mexico can proceed calmly.

More than 250 businessmen from the Pacific Alliance and Mercosur participated on Monday in The V edition of the Pacific Alliance business meeting, held in a hotel in the Mexican seaside resort of Puerto Vallarta, as part of the XIII Presidential Summit

The XIIIth Presidential Summit of the Pacific Alliance will be held tomorrow with the objective of promoting the vi 2030 resolution of this mechanism, in its process of deep integration with the international environment and to make known the advances in terms of investment, trade, digital agenda, and more. financial integration and logistics, among others.

It represents the eighth largest economy in the world, with a population of 223 million and represents 38% of total GDP and 50% of total trade in Latin America.

According to the Doing Business Index of the World Bank, Chile, Colombia, Mexico and Peru are the four most competitive economies in the region.

(Web Publisher: Felipe Chen, Rocío Huang)